Shein could spurn New York for London amid US scrutiny over megaIPO

Fast-fashion brand Shein may move its IPO from New York to London or Asia, seeking a valuation of $80 billion to $90 billion. The retailer faces challenges in the US due to concerns over forced labor in its supply chain, with lawmakers calling for additional disclosures. Shein is considering listing in London, Hong Kong, or Singapore. Republican senator Marc Rubio has urged the SEC to press Shein for more information.

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FAQs: Shein's Potential Move from New York to London for IPO

Frequently Asked Questions

Q: Why is Shein considering moving its IPO from New York to London?

A: Shein is considering moving its IPO from New York to London due to anticipation of increased scrutiny over its supply chains and its ties to China.

Q: Where is Shein currently based?

A: Shein was founded in China but is now based in Singapore.

Q: What valuation is Shein seeking through its IPO?

A: Shein is seeking a valuation of $80 billion to $90 billion, as per information attributed to Bloomberg.

Q: When was Shein's intention to go public first reported?

A: Shein's plans to go public were reported as early as December 18, 2023.

Q: Are there concerns that could affect Shein's IPO plans?

A: Yes, Shein's IPO plans could face delays due to potential scrutiny over its supply chains and connections with China.

Q: What factors are influencing Shein's decision on where to list?

A: While the company prefers to list in the US, factors like the market environment, investor reception to IPOs, and regulatory scrutiny are influencing its decision.

For the most recent updates and comprehensive details on Shein's IPO considerations, please refer to the articles from "Business Insider," "The New York Times," or check the latest posts on LinkedIn and Twitter by Insider News.